FARM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FARM
Largest movements
- Receivables within one year +€91,876
up €91,876 (+42.7%), from €214,973 to €306,848
of which Trade receivables: +€78,228
- Stocks and contracts -€29,210
down €29,210 (-18.3%), from €160,000 to €130,790
- Cash +€16,152
up €16,152 (+130%), from €12,437 to €28,589
mainly Net result for the year (+€75,181) and Trade debts (+€45,838)
- Profit (loss) carried forward +€75,181
up €75,181 (+40.4%), from -€185,923 to -€110,742
- Trade debts +€45,838
up €45,838 (+44.3%), from €103,434 to €149,272
- Other debts -€23,829
down €23,829 (-2.6%), from €933,044 to €909,215
- Debts after one year -€14,440
down €14,440 (-50.0%), from €28,879 to €14,439
- Gross operating margin +€115,151
up €115,151, from -€6,835 to €108,316
- Financial charges -€40,341
down €40,341 (-95.4%), from €42,265 to €1,925
- Depreciation +€1,136
up €1,136 (+5.8%), from €19,499 to €20,636
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,075,286 | €1,158,200 | +€82,913 | +7.7% |
| Fixed assets | 21/28 | €682,605 | €678,769 | -€3,836 | -0.6% |
| Tangible fixed assets | 22/27 | €331,373 | €327,538 | -€3,836 | -1.2% |
| Land and buildings | 22 | €284,070 | €283,550 | -€520 | -0.2% |
| Plant, machinery and equipment | 23 | €4,724 | €14,737 | +€10,013 | +212% |
| Leasing and similar rights | 25 | €42,579 | €29,250 | -€13,329 | -31.3% |
| Financial fixed assets | 28 | €351,231 | €351,231 | = | 0.0% |
| Current assets | 29/58 | €392,682 | €479,430 | +€86,749 | +22.1% |
| Stocks and contracts in progress | 3 | €160,000 | €130,790 | -€29,210 | -18.3% |
| Stocks | 30/36 | €160,000 | €130,790 | -€29,210 | -18.3% |
| Amounts receivable within one year | 40/41 | €214,973 | €306,848 | +€91,876 | +42.7% |
| Trade receivables | 40 | €150,043 | €228,271 | +€78,228 | +52.1% |
| Other amounts receivable | 41 | €64,930 | €78,577 | +€13,648 | +21.0% |
| Cash at bank and in hand | 54/58 | €12,437 | €28,589 | +€16,152 | +130% |
| Deferred charges and accrued income | 490/1 | €5,272 | €13,203 | +€7,931 | +150% |
| Total equity and liabilities | 10/49 | €1,075,286 | €1,158,200 | +€82,913 | +7.7% |
| Equity | 10/15 | -€3,360 | €71,821 | +€75,181 | |
| Contributions | 10/11 | €153,907 | €153,907 | = | 0.0% |
| Reserves | 13 | €28,656 | €28,656 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,231 | €4,231 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,231 | €4,231 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,803 | €10,803 | = | 0.0% |
| Distributable reserves | 133 | €13,623 | €13,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,923 | -€110,742 | +€75,181 | +40.4% |
| Amounts payable | 17/49 | €1,078,647 | €1,086,379 | +€7,732 | +0.7% |
| Amounts payable after more than one year | 17 | €28,879 | €14,439 | -€14,440 | -50.0% |
| Financial debts | 170/4 | €28,879 | €14,439 | -€14,440 | -50.0% |
| Amounts payable within one year | 42/48 | €1,049,218 | €1,071,816 | +€22,598 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €12,218 | €13,329 | +€1,111 | +9.1% |
| Trade debts | 44 | €103,434 | €149,272 | +€45,838 | +44.3% |
| Suppliers | 440/4 | €103,434 | €149,272 | +€45,838 | +44.3% |
| Taxes, remuneration and social security | 45 | €521 | - | -€521 | |
| Taxes | 450/3 | €521 | - | -€521 | |
| Other amounts payable | 47/48 | €933,044 | €909,215 | -€23,829 | -2.6% |
| Accrued charges and deferred income | 492/3 | €550 | €124 | -€426 | -77.5% |
| Remuneration, social security and pensions | 62 | €543 | - | -€543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,499 | €20,636 | +€1,136 | +5.8% |
| Other operating charges | 640/8 | €10,732 | €10,575 | -€157 | -1.5% |
| Gross operating margin | 9900 | -€6,835 | €108,316 | +€115,151 | |
| Operating profit (loss) | 9901 | -€37,609 | €77,106 | +€114,715 | |
| Financial charges | 65/66B | €42,265 | €1,925 | -€40,341 | -95.4% |
| Recurring financial charges | 65 | €42,265 | €1,925 | -€40,341 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | -€79,875 | €75,181 | +€155,055 | |
| Income taxes | 67/77 | €122 | - | -€122 | |
| Profit (loss) for the period | 9904 | -€79,997 | €75,181 | +€155,177 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,997 | €75,181 | +€155,177 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.